USD/CHF technical analysis: Dollar down at its lowest level since mid-April nearing parity

Flavio Tosti Independent Analyst

USD/CHF daily chart

USD/CHF is trading at its lowest since mid-April.

USD/CHF 4-hour chart

USD/CHF is very close to the parity level as the market trades below its main simple moving averages (SMAs).

USD/CHF 30-minute chart

USD/CHF is trading below its main SMAs suggesting bearish momentum. A break below 1.010 can lead to 0.9960 support. Resistances are seen at 1.050 and 1.0100 levels.

Additional key levels

USD/CHF

Overview
Today last price	1.0011
Today Daily Change	-0.0021
Today Daily Change %	-0.21
Today daily open	1.0032

Trends
Daily SMA20	1.0137
Daily SMA50	1.0071
Daily SMA100	1.0024
Daily SMA200	0.9954

Levels
Previous Daily High	1.01
Previous Daily Low	1.0023
Previous Weekly High	1.0123
Previous Weekly Low	1.005
Previous Monthly High	1.0238
Previous Monthly Low	0.9932
Daily Fibonacci 38.2%	1.0052
Daily Fibonacci 61.8%	1.0071
Daily Pivot Point S1	1.0003
Daily Pivot Point S2	0.9975
Daily Pivot Point S3	0.9926
Daily Pivot Point R1	1.008
Daily Pivot Point R2	1.0129
Daily Pivot Point R3	1.0157

Author

Flavio Tosti

Independent Analyst

EUR/USD recedes to daily lows near 1.1850

EUR/USD keeps its bearish momentum well in place, slipping back to the area of 1.1850 to hit daily lows on Monday. The pair’s continuation of the leg lower comes amid decent gains in the US Dollar in a context of scarce volatility and thin trade conditions due to the inactivity in the US markets.

GBP/USD flat lines near 1.3650 ahead of UK and US data

GBP/USD kicks off a new week on a subdued note and oscillates in a narrow range near 1.3650 on Monday. The mixed fundamental backdrop warrants some caution for aggressive traders as the market focus now shifts to this week's important data releases from the UK and the US.

Gold corrects lower, tries to stabilize above $5,000

Gold started the week under bearish pressure and declined to the $4,960 area before staging a modest rebound. As trading volumes remain thin with the US financial markets remaining closed on Presidents' Day holiday, XAU/USD looks to stabilize above $5,000 ahead of this week's key data releases.

Bitcoin consolidates as on-chain data show mixed signals

Bitcoin price has consolidated between $65,700 and $72,000 over the past nine days, with no clear directional bias. US-listed spot ETFs recorded a $359.91 million weekly outflow, marking the fourth consecutive week of withdrawals.

The week ahead: Key inflation readings and why the AI trade could be overdone

It is likely to be a quiet start to the week, with US markets closed on Monday for Presidents Day. European markets are higher across the board and gold is clinging to the $5,000 level after the tamer than expected CPI report in the US reduced haven flows to precious metals.

Monero Price Forecast: XMR risks a drop below $300 under mounting bearish pressure

Monero (XMR) starts the week under pressure, recording a 4% decline at press time on Monday after a 7% drop the previous day, putting the $300 support zone in focus.